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5 A jeweller has a division of 22 Carat Gold Bangles and wants to know the following Data relating to the last year for all

5

A jeweller has a division of 22 Carat Gold Bangles and wants to know the following
Data relating to the last year for all months with total sales and total costs are also
available and given below
Month # of Set Total
sold Cost
Jan 200 $ 9,500
Feb 550 $ 26,500
Mar 500 $ 25,000
Apr 650 $ 31,500
May 400 $ 21,000
June 560 $ 26,250
July 680 $ 32,000
Aug 700 $ 32,500
Sep 500 $ 24,000
Oct 600 $ 26,750
Nov 600 $ 28,000
Dec 450 $ 22,000
Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING
Requirements:
(i) Variable cost per Set= $
(ii) Fixed cost per month = $
(iii) Semi Variable costs per month = $
(iv) Semi Fixed costs per month = $
REMEMBER NOT TO SOLVE BY HIGH-LOW METHOD
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